Summary Box: Vodafone eyes Cable & Wireless bid

DETAILS: Vodafone says that if there is an offer, it would most likely be made in cash. Vodafone now has until March 12 to either announce a firm intention to take over the company or be barred from launching a bid for six months.

ABOUT C&W: The company supplies telecoms services to businesses and public sector bodies. It serves 150 countries directly or through local partners. It also operates a U.K. fiber network serving businesses.